20-Unit Apartment
For Sale
$3,200,000
4408 Lockwood Ave, Los Angeles, CA 90029
Partially renovated multifamily property with major roof, plumbing, electrical, and foundation improvements completed.
Property Size12,580 SF
Days on Market10
Property Features for 4408 Lockwood Ave
General Information
Standard status
Active
Size
12,580 SF
Property subtype
MULTI_FAMILY
Financials
Cap Rate
6.04%
Gross Rent Multiplier
9.17
Additional Details
Multifamily Units
20
Building Details
Building Size
12,580 SF
Year Built
1928
Listing Agency:
Dover Management Corp.
(818) 843-5200
Listed By:
Douglas Steinriede · License #00284936
Source:
Rochellemaize
Added: Aug 20
Changed: Aug 28
Last Checked: Aug 28 at 3:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dover Management Corp.
Investment Insights
Based on property information with market context.
Located at 4408 Lockwood Ave in Los Angeles, this 20-unit apartment property was built in 1928. Ten units have been renovated, while broader capital work includes a new roof, plumbing upgrades, electrical improvements, and a bolted foundation.
The property is operating at a 6.04% cap rate and 9.17 GRM based on in-place rents. Current rents reflect an approximately 22.2% loss to lease relative to market, providing a defined path for continued unit renovations and rent repositioning as the remaining units are addressed.
The property is operating at a 6.04% cap rate and 9.17 GRM based on in-place rents. Current rents reflect an approximately 22.2% loss to lease relative to market, providing a defined path for continued unit renovations and rent repositioning as the remaining units are addressed.
Key Highlights
- 20‑unit apartment property built in 1928
- Ten of the 20 units have been renovated
- New roof, plumbing upgrades, and upgraded electrical
Property Analytics
Property Profile
Current Use
Lease Details
20
Residential units
Location Intelligence
Trade Area within ½ mile
4,283
Businesses Nearby
Explore this area
Business Placement
Demographics for 90029, CA
34,695
Population
14,465
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
24,782
Density / Sq Mi
$60,793
Median Household Income
$35,801
Median Earnings
$1,644
Median Rent
$1,066,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Partially renovated multifamily property with major roof, plumbing, electrical, and foundation improvements completed.
Where is this apartment building located?
The property is located at 4408 Lockwood Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 20‑unit apartment property built in 1928; Ten of the 20 units have been renovated; New roof, plumbing upgrades, and upgraded electrical
